20.4.13

Austerity measures that hit the Working and Middle class THE MOST, (The majority) won't solve the UK's bank led economic crisis.

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IMF urges UK govt. to ease austerity drive

By presstv.com

The head of the
International Monetary Fund (IMF) Christine Lagarde has urged British
Chancellor George Osborne to rethink his austerity plans amid weak
economic figures.

Lagrade, who previously supported the country’s deficit reduction
strategy, said the IMF’s stance has changed as a result of Britain’s
poor performance on economy.

"We have said that should growth abate, should growth be
particularly low, then there should be consideration to adjusting by way
of slowing the pace. This is nothing new,” she said.

According to the reports, the IMF team would conduct an annual
health check on the UK’s economy when it arrives in London next month.

The Office for National Statistics (ONS) will then release growth
figures for the first quarter of 2013. The figures will reveal whether
the country has slipped into an unprecedented triple-dip recession.

Earlier this week, the IMF slashed Britain’s economic forecast for the second time this year.

The fund cut its growth outlook for the country to 0.7 percent this
year and 1.5 percent in 2014, and urged Osborne to consider looser
budget policy to rescue growth and bring the public finances under
control.

About Me

I have been under state surveillance and covert harassment in the UK since 1985, by MI-5 and their gullible friends where ever they are found, and overt harassment with surveillance since march of 1996, when I submitted my final year law degree dissertation, 'The relationship between the state, the security services and the law'.